MIDCAP PL BALTIC STATES AND NORTHERN EUROPE 2

EIB programme loan to finance investments of eligible mid-caps and, to some extent, small and medium-sized enterprises (SMEs) in different industrial sectors in Germany, Austria, the Nordic Countries, Poland and the Baltic States.

This programme loan will help to improve access to finance for mid-caps and SMEs and to further the sustainability of their competitive advantage over time, contributing to wider innovation development and deployment and creating growth and employment opportunities.

The projects to be financed under this programme loan will concern investments that are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an environmental impact assessment (EIA) as defined in the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. However, for each sub-operation under this programme loan, the Bank's services will review during the project appraisal whether any of the concerned projects could fall under the EIA Directive, as well as any other environmental legislation and will ensure that those investments are implemented in compliance with the EU legislation.

The Promoters will be private companies not operating in the utilities sector and not having the status of contracting authority. Thus they are not covered by EU directives on procurement.